WASHINGTON—New orders for U.S.-made goods increased solidly in September, but further gains could be limited amid an anticipated slowdown in consumer spending as government money for businesses and workers impacted by the COVID-19 pandemic runs out.
WASHINGTON — Sen. Gary Peters (D-MI) has introduced legislation that would establish an independent federal institute—the National Institute of Manufacturing (NIM)—to serve as a hub for federal manufacturing programs.
WASHINGTON—Output at U.S. manufacturers rose for a second month in October, a sign the industry is gradually recovering from a prolonged period of weakness, according to the Federal Reserve.
It is too little and too late to keep writing “manufacturing matters.” Everything else in the economy is secondary to manufacturing, mining and farming. Only these activities build wealth.
WASHINGTON—U.S. manufacturers added 29,000 new jobs in January, after a net gain of just 33,000 in all of 2015, according to the Bureau of Labor Statistics.
CHICAGO—The rise of the U.S. dollar against the euro and other world currencies over the past year has reduced the cost-competitiveness of U.S. manufacturing compared with economies such as Germany, France, Japan, Australia and Brazil. However, the U.S. still maintains a significant cost advantage over these economies, and therefore manufacturers are unlikely to shift production to other nations, according to The Boston Consulting Group.
WASHINGTON—The U.S. economy is expected to expand 3.1 percent in 2015, according to the National Association for Business Economics. It would be the first year of 3 percent growth since 2005.
WASHINGTON—The National Association for Business Economics (NABE) predicts that the U.S. gross domestic product will grow 3.1 percent in 2015—up from a 2.2 percent expansion this year. The NABE also predicts that the jobless rate will come down to 5.4 percent by the end of next year.
WASHINGTON—Manufacturing CEOs are more optimistic this year, but they’re worried about rising energy costs and slowing growth in new markets, according to a new survey conducted by consulting firm PWC.
